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Evaluation of the Executive Officer and Executive Vice Presidents’ performance
The Company assesses the performance of executive officers, top executives, and employees once a year
utilizing methods including OKR, KPI, and Competency in Performance Evaluation to create success measurements
and set targets.
The Company determines Key Performance Indicator (KPI) in the short term, Objective and Key Results (OKR)
in the medium and long terms, and Competency, which is a criterion for evaluating the performance of the Executive
Bangkok Commercial Asset Management Public Co., Ltd.
Officer and Executive Vice President. It comprises of the following performance indicators:
Part 1 Goal setting and Objective and Key Results (OKR) determination
Objective 1 To develop a business operation pattern
Objective 2 To reduce the duration of the work process in order to streamline the operation
Objective 3 To ensure long-term stability by using Environmental, Social, and Corporate Governance (ESG)
Part 2 Performance Indicator (KPI)
1. Financial indicator (collection target, expanding asset size, and return on asset (ROA))
2. Internal management process indicator (Development of IT infrastructure to increase work efficiency by
reducing work steps, responding to Work from Anywhere (WFA) and risks management)
3. Customer indicator (Good corporate governance, business drive toward sustainability (ESG) and corporate
communications)
4. Learning and Development Indicators (Human Resource Management and the 3 R employee care project
includes the following: 1. Recruit 2. Retain 3. Retire and extending into new business territories or enhancing
commercial models)
Part 3 Competency determination to specifically assess top executives
1. Core Competency
2. Administrative Competency
In 2022, the performance assessment of Chief Executive Officers was 91.67 points for a total score of 100.
The achievement of these objectives and success indicators affects Chief Executive Officer and Senior Executive
Vice Presidents’ short and long-term compensation. The Company has a transparent mechanism in place for evaluating
performance standards and determining appropriate compensation, including salary, bonuses, and other advantages,
which have been taken into account by the many committees involved.
Executive compensation
The following are the company's guidelines and policy for granting executives’ compensation in the form of
monetary and other forms of compensation:
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For the fiscal year that ended on 31 December 2022, a total of 5 executives in the positions of Chief Executive
Officer and Senior Executive Vice Presidents in the Regional Loan Restructuring, Bangkok and Vicinity Loan Restructuring 1,
Financial Management Accounting and Investment, and Corporate Support Division received monetary compensation
1
totalling 42.91 million baht in salary, bonus, provident fund contributions, and other compensation as specified by
the Company.
Remark : Executives received 42.91 million baht in monetary compensation for the fiscal year that concluded on
1
31 December 2022, excluding bonuses that will be actually paid in 2023.
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